A mixed bag of news: 1. The concern is that last night's interest rate cut and the news of the Fed restarting its balance sheet expansion failed to propel BTC above the 94,000 resistance level; instead, it rallied and then retreated. 2. The positive is that BTC has rebounded by over 10,000 dollars since 8,500, and the hourly chart still shows a bullish trend with consistently higher highs and lows. 3. If BTC breaks below the previous low on the hourly chart, disrupting this bullish structure, it may retest the previous low.
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